ANALYST ROUNDUP: Wall Street remains bullish on Google, despite its earnings miss
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It failed to meet analyst expectations for both the top and bottom line - and the stock got slammed in after-hours trading, dropping as much as 8% at one point.
That said, financial analysts aren't too perturbed about the long-term vision. We've rounded up 11 of the biggest analysts' views about Alphabet earnings and the verdict is clear: The fundamentals are good, so buy - even if some price targets have been revised down.
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Read on for the full detail - but first, here are some of the key numbers:
- Revenue: $20.35 billion, up 17% year-on-year, versus analyst expectations of $20.38 billion.
- Non-GAAP earnings per share: $7.50 versus $7.96 expected.
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